50,000 Homework 1 Bonds Payable 2 Bond Z 3 Par Value 4 Term 5 Contract Interest Rate 6 Market Interest Rate 7 Issue Price 10 years 826 5% 104 8. 1) Is this bond being issued at Par Value, at a Discount, or at a Premium? 9.2) If the bond pays interest semi-annually, how many total interest payments will be made? 103) What is the amount of each interest payment? 11 ) How much cash will be received when this bond is issued? 12 5) If there is a Discount or Premium, how much is it? 16) If there is a Discount or Premium, how much will be amortized with each interest payment? 147) What amount of interest expense will be booked each time interest is paid? 158) What is the journal entry at Issuance? 16 DR/CR Account Debit Credit 17 19 29 What is the journal for the same interest 11 C Account De Grudit 10 What is the ultima OROL Account Deba Credit